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Why you should be selling PCB Properties now!

Why you should be selling PCB Properties now!

When is the best time to sell your condo or house? Well, this is a very common question I am asked on a weekly basis especially in the summertime. For decades, the stats have shown the second & third quarters of the year as the prime time to sell any type of property on Panama City Beach!  Of course, the beachfront homes and condos lead the way in volume and investment value, but other residential & commercial properties are following pace and are also great investment opportunities.  This is a special time for Sellers, because they notoriously draw the most interest and highest values than any other time of the year!

Our Vacation Real Estate Properties are definitely the lead product for sale anywhere in the Sunshine State.  Oceanfront property alone on the Emerald Coast has seen a vast improvement in real estate values over the past 8-12 months.  Condo sales on Panama City Beach have improved from 12% to over 20% in just the past year!  This has sparked a national drive to invest in resort properties here in our area and around the state.  Along with increasing property values have been rising interest rates from as the Fed draws down their bond buying under the Restore Act.  We did see rates move from 3.5% to 4.6% in 2013, and another hike is due in 2018! Better get your properties ready to sell now!

Condo owners in Bay & Walton Counties need to take a good look at their options NOW, while this bullish market exists and continues to grow.  The condominium market in Panama City Beach & Destin is very dynamic, and requires perfect timing when it comes to selling your valuable property.  For those who have been waiting for the market to return after years of heart ache, due to the national economic disaster of 2008, and the BP Oil spill of 2010. Well, the market is back and we are building again 2017!

Currently there is a shortage of available units to purchase on Panama City Beach and in Destin.  For just this reason alone its time to get your unit on the market now! You can contact me by phone at 850-485-3667, or email: michael.monahan@pelicanproperty.com. anytime to discuss your options at no obligation. Call today!

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Michael Monahan

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